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Non-Tech : Another Investment forum
QQQ 623.28+0.7%Nov 5 4:00 PM EST
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To: Peter Dierks who wrote (25)4/19/2006 3:35:06 PM
From: White Bear  Read Replies (1) of 340
 
The increased value of the homes is only on paper but it adds to peoples view of their overall net worth. It gives them optimism. Some people only have paper wealth.

I was in CA when home values dropped 25% in the early 90's. People buckled down and worked harder.
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